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Is Coinbase's Plunge a Sign of Cryptocurrency Volatility?

Coinbase Plunges – COIN (★★) – 79th out of 80.

Shares of Coinbase Global Inc. (COIN) took a nosedive on Thursday, plunging over 7% amid a sell-off. The leading U.S. crypto exchange saw its stock tumble to $233.27 per share, erasing nearly $5 billion from its market capitalization. Coinbase's sharp decline came as Bitcoin fell -2% to under $72,000 and Ethereum dipped under $3,900.

Coinbase currently has a ★★ star rating with a current price target of $160 from our analysts.

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